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Safran Identity & Security reveals its contribution to the new Mastercard biometric card
Paris, May 15 2017
Safran Identity & Security (ex Morpho) announced today that it is contributing with biometric card software and manufacturing capacities for the recently announced Mastercard next generation biometric card.
This new generation payment card combines chip technology and biometrics to a strong and convenient means of authentication at the Point of Sale (POS). Instead of entering a PIN, cardholders simply place their finger onto the card. Their fingerprint is then matched against the biometric template on the card.
Its ability to link an individual's biometric identity to a payment card opens up a wide range of new ways to use the card beyond authenticating payment transactions. Furthermore, the card helps issuers to reduce fraud and increase customer loyalty by ensuring that their card stays on top of their customer's wallets.
"We are proud to leverage our unique biometric expertise and facilitate the future of payments together with Mastercard. Biometrics enables seamless payment transactions without compromising security," commented Anne Bouverot, president and chair of Safran Identity & Security.
| Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 70,000 employees and generated sales of 17.4 billion euros in 2015. Safran is listed on Euronext Paris and is part of the CAC40 index, as well as the Euro Stoxx 50 European index. Safran Identity & Security is a global leader in identity and security solutions, deploying systems in more than 100 countries. Backed by more than 40 years of experience in biometrics, the company develops innovative technologies for the public and private sectors, including identity management, secure transactions and public security solutions. |
| For more information : www.safran-group.com and www.safran-identity-security.com / Follow @Safran and @SafranIDSec on Twitter |
| Press Isabelle de BUYER : [email protected] / T +33 (0)1 30 20 22 67 |
